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PanaTile Ltd. issued subordinated bonds payable on 1 January 20X1, when the market interest rate was 6%. The company received $10,760,000 for the bonds. The

PanaTile Ltd. issued subordinated bonds payable on 1 January 20X1, when the market interest rate was 6%. The company received $10,760,000 for the bonds. The bonds were $10,000,000 of 4% subordinated c...

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